In its own statement, Peregrine Realty said the four-story building, at 9665 Chesapeake Drive, is 80 percent leased. It is the eleventh Southern California property purchased by Peregrine in the past 24 months, during which the company made $150 million in acquisitions.

The property has a total of 93,303 square feet of space and was built in 1987, according to CoStar Group.